Skip to main content

Maharashtra (Mumbai) Salary After Tax Calculator

India's New Tax Regime (default from FY 2024-25) has six brackets from 0% to 30%, with a tax-free threshold of ₹3 lakh. No state income tax applies in India.

Calculate Your Maharashtra (Mumbai) Take-Home Pay

Understanding Taxes in Maharashtra (Mumbai)

Under India's New Tax Regime, income up to ₹3 lakh is tax-free, then taxed progressively at 5%, 10%, 15%, 20%, and 30%. A standard deduction of ₹75,000 is available. The Employee Provident Fund (EPF) requires a 12% employee contribution on basic salary up to ₹15,000/month. There is no state income tax in India — the system is uniform nationally. However, Mumbai has the highest cost of living in India, with housing costs particularly high in South Mumbai and Bandra-Kurla Complex.

Partner Offer

Save money on international transfers

Send money abroad with real exchange rates and low fees. Trusted by millions worldwide.

Try Wise for Free →

Affiliate link — we may earn a commission at no extra cost to you.

Frequently Asked Questions

What is the New Tax Regime in India?
The New Tax Regime (default from FY 2024-25) offers lower rates with fewer deductions: 0% up to ₹3L, 5% to ₹7L, 10% to ₹10L, 15% to ₹12L, 20% to ₹15L, 30% above.
Is there state income tax in India?
No, India has a uniform national income tax system. There is no state-level income tax.

Other Regions in India

Karnataka (Bangalore)Delhi NCRTamil Nadu (Chennai)Telangana (Hyderabad)West Bengal (Kolkata)